HAWAIIAN ELECTRIC INDUSTRIES INC (HE)
Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014
Balance Sheet Date2025-Dec-312025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-31
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014
Total Revenue805,824,000$790,610,000$746,392,000$744,070,000$799,180,000$833,239,000$795,417,000$792,014,000$853,424,000$901,873,000$895,685,000$928,237,000$1,019,113,000$1,042,197,000$895,607,000$785,068,000$770,272,000$756,904,000$680,257,000$642,946,000$652,217,000$641,427,000$684,969,000$677,186,000$725,966,000$771,535,000$715,485,000$661,615,000$761,650,000$768,048,000$685,277,000$645,874,000$658,597,000$673,185,000$632,281,000$591,562,000$617,395,000$646,055,000$566,244,000$550,960,000$624,032,000$717,176,000$623,912,000$637,862,000$790,040,000$867,096,000$798,657,000$783,749,000$
QoQ%1.92%5.92%.31%(6.90%)(4.09%)4.76%.43%(7.20%)(5.37%).69%(3.51%)(8.92%)(2.22%)16.37%14.08%1.92%1.77%11.27%5.80%(1.42%)1.68%(6.36%)1.15%(6.72%)(5.91%)7.83%8.14%(13.13%)(.83%)12.08%6.10%(1.93%)(2.17%)6.47%6.88%(4.18%)(4.44%)14.10%2.77%(11.71%)(12.99%)14.95%(2.19%)(19.26%)(8.89%)8.57%1.90%(5.86%)
YoY%.83%(5.12%)(6.16%)(6.05%)(6.36%)(7.61%)(11.20%)(14.68%)(16.26%)(13.46%).01%18.24%32.31%37.69%31.66%22.11%18.10%18.00%(.69%)(5.06%)(10.16%)(16.86%)(4.27%)2.35%(4.69%).45%4.41%2.44%15.65%14.09%8.38%9.18%6.67%4.20%11.66%7.37%(1.06%)(9.92%)(9.24%)(13.62%)(21.01%)(17.29%)(21.88%)(18.61%)(5.10%)4.57%.52%.19%
Cost Of Revenue0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$(3,763,000$)(4,458,000$)(1,975,000$)(12,957,000$)(7,035,000$)14,607,000$14,470,000$10,833,000$9,901,000$5,607,000$3,315,000$7,688,000$6,870,000$2,408,000$6,033,000$2,763,000$3,541,000$3,670,000$490,000$2,834,000$3,907,000$1,497,000$5,747,000$4,753,000$4,766,000$839,000$2,997,000$1,825,000$614,000$2,560,000$1,550,000$1,021,000$995,000$
Gross Profit805,824,000$790,610,000$746,392,000$744,070,000$799,180,000$833,239,000$795,417,000$792,014,000$853,424,000$901,873,000$895,685,000$928,237,000$1,019,113,000$1,042,197,000$895,607,000$788,831,000$774,730,000$758,879,000$693,214,000$649,981,000$637,610,000$626,957,000$674,136,000$667,285,000$720,359,000$768,220,000$707,797,000$654,745,000$759,242,000$762,015,000$682,514,000$642,333,000$654,927,000$672,695,000$629,447,000$587,655,000$615,898,000$640,308,000$561,491,000$546,194,000$623,193,000$714,179,000$622,087,000$637,248,000$787,480,000$865,546,000$797,636,000$782,754,000$
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.48%100.58%100.26%101.91%101.09%97.76%97.74%98.42%98.54%99.23%99.57%98.93%98.96%99.68%99.22%99.60%99.45%99.44%99.93%99.55%99.34%99.76%99.11%99.16%99.14%99.87%99.58%99.71%99.90%99.68%99.82%99.87%99.87%
Operating Expenses738,715,000$738,564,000$692,645,000$681,650,000$745,518,000$982,959,000$2,457,006,000$741,127,000$779,093,000$839,321,000$827,574,000$858,239,000$1,027,617,000$940,082,000$808,939,000$689,555,000$685,867,000$661,563,000$591,358,000$551,950,000$556,936,000$527,396,000$602,580,000$607,583,000$619,564,000$671,565,000$635,163,000$576,808,000$674,638,000$663,951,000$603,715,000$570,444,000$567,707,000$561,222,000$551,645,000$517,917,000$527,471,000$534,866,000$476,036,000$477,343,000$539,971,000$617,084,000$549,357,000$567,742,000$719,313,000$773,510,000$714,453,000$693,540,000$
Operating Income67,109,000$52,046,000$53,747,000$62,420,000$53,662,000$(149,720,000$)(1,661,589,000$)50,887,000$74,331,000$62,552,000$68,111,000$69,998,000$(8,504,000$)102,115,000$86,668,000$99,276,000$88,863,000$97,316,000$101,856,000$98,031,000$80,674,000$99,561,000$71,556,000$59,702,000$100,795,000$96,655,000$72,634,000$77,937,000$84,604,000$98,064,000$78,799,000$71,889,000$87,220,000$111,473,000$77,802,000$69,738,000$88,427,000$105,442,000$85,455,000$68,851,000$83,222,000$97,095,000$72,730,000$69,506,000$68,167,000$92,036,000$83,183,000$89,214,000$
Operating Margin8.33%6.58%7.20%8.39%6.72%(17.97%)(208.90%)6.43%8.71%6.94%7.60%7.54%(.83%)9.80%9.68%12.65%11.54%12.86%14.97%15.25%12.37%15.52%10.45%8.82%13.88%12.53%10.15%11.78%11.11%12.77%11.50%11.13%13.24%16.56%12.31%11.79%14.32%16.32%15.09%12.50%13.34%13.54%11.66%10.90%8.63%10.61%10.42%11.38%
Interest Income9,767,000$6,960,000$7,579,000$12,623,000$9,433,000$3,662,000$3,134,000$3,133,000$
Interest Expenses
Income Before Tax53,469,000$39,946,000$39,975,000$33,539,000$37,786,000$(172,663,000$)(1,685,174,000$)28,456,000$(6,481,000$)49,110,000$69,367,000$70,304,000$(31,648,000$)79,905,000$66,217,000$87,480,000$69,572,000$78,151,000$82,944,000$80,196,000$61,177,000$79,521,000$60,230,000$39,696,000$81,983,000$78,693,000$52,694,000$58,039,000$64,370,000$77,233,000$59,582,000$53,276,000$70,233,000$95,139,000$59,626,000$51,582,000$72,599,000$179,205,000$70,911,000$51,126,000$65,408,000$80,660,000$56,402,000$52,318,000$53,003,000$75,543,000$65,071,000$71,981,000$
Tax Expenses12,108,000$8,728,000$13,417,000$6,395,000$8,147,000$(49,954,000$)(435,950,000$)6,795,000$(2,381,000$)7,521,000$14,284,000$15,110,000$(9,480,000$)17,352,000$13,203,000$17,840,000$14,578,000$14,265,000$18,599,000$15,365,000$10,219,000$14,018,000$10,870,000$5,803,000$15,247,000$14,803,000$9,709,000$11,878,000$14,324,000$10,862,000$13,055,000$12,556,000$37,390,000$34,595,000$20,492,000$16,916,000$27,492,000$51,592,000$26,310,000$18,301,000$22,615,000$29,516,000$20,911,000$19,979,000$19,277,000$27,264,000$23,317,000$25,721,000$
Net Income41,361,000$31,218,000$26,558,000$27,144,000$(67,772,000$)(103,931,000$)(1,295,011,000$)42,595,000$49,262,000$41,589,000$55,083,000$55,194,000$57,821,000$62,553,000$53,014,000$69,640,000$54,994,000$63,886,000$64,345,000$64,831,000$50,958,000$65,503,000$49,360,000$33,893,000$66,736,000$63,890,000$42,985,000$46,161,000$50,046,000$66,371,000$46,527,000$40,720,000$32,843,000$60,544,000$39,134,000$34,666,000$45,107,000$127,613,000$44,601,000$32,825,000$42,793,000$51,144,000$35,491,000$32,339,000$33,726,000$48,279,000$41,754,000$46,260,000$
Profit Margin5.13%3.95%3.56%3.65%(8.48%)(12.47%)(162.81%)5.38%5.77%4.61%6.15%5.95%5.67%6.00%5.92%8.87%7.14%8.44%9.46%10.08%7.81%10.21%7.21%5.01%9.19%8.28%6.01%6.98%6.57%8.64%6.79%6.31%4.99%8.99%6.19%5.86%7.31%19.75%7.88%5.96%6.86%7.13%5.69%5.07%4.27%5.57%5.23%5.90%
TTM4.09%.56%(3.78%)(45.39%)(44.23%)(39.92%)(34.75%)5.48%5.62%5.60%5.94%5.88%6.50%6.88%7.53%8.45%8.70%8.93%9.39%8.80%7.52%7.90%7.48%7.18%7.65%6.98%7.07%7.27%7.12%6.76%6.78%6.64%6.54%7.14%9.91%10.41%10.51%10.38%6.97%6.45%6.22%5.52%5.13%5.05%5.25%5.36%5.43%5.42%
Earnings to Minority1,744,000$471,000$473,000$473,000$473,000$471,000$473,000$473,000$473,000$471,000$473,000$473,000$473,000$471,000$473,000$473,000$473,000$471,000$473,000$473,000$473,000$471,000$473,000$473,000$473,000$471,000$473,000$473,000$473,000$471,000$473,000$473,000$473,000$471,000$473,000$473,000$473,000$471,000$473,000$473,000$473,000$471,000$473,000$473,000$473,000$471,000$473,000$473,000$
Earnings to Common Shareholders39,617,000$30,747,000$26,085,000$26,671,000$(68,245,000$)(104,402,000$)(1,295,484,000$)42,122,000$48,789,000$41,118,000$54,610,000$54,721,000$57,348,000$62,082,000$52,541,000$69,167,000$54,521,000$63,415,000$63,872,000$64,358,000$50,485,000$65,032,000$48,887,000$33,420,000$66,263,000$63,419,000$42,512,000$45,688,000$49,573,000$65,900,000$46,054,000$40,247,000$32,370,000$60,073,000$38,661,000$34,193,000$44,634,000$127,142,000$44,128,000$32,352,000$42,320,000$50,673,000$35,018,000$31,866,000$33,253,000$47,808,000$41,281,000$45,787,000$
QoQ%28.85%17.87%(2.20%)139.08%34.63%91.94%(3,175.55%)(13.67%)18.66%(24.71%)(.20%)(4.58%)(7.63%)18.16%(24.04%)26.86%(14.03%)(.72%)(.76%)27.48%(22.37%)33.03%46.28%(49.57%)4.48%49.18%(6.95%)(7.84%)(24.78%)43.09%14.43%24.33%(46.12%)55.38%13.07%(23.39%)(64.89%)188.12%36.40%(23.55%)(16.48%)44.71%9.89%(4.17%)(30.45%)15.81%(9.84%)17.36%
YoY%158.05%129.45%102.01%(36.68%)(239.88%)(353.91%)(2,472.25%)(23.02%)(14.93%)(33.77%)3.94%(20.89%)5.19%(2.10%)(17.74%)7.47%7.99%(2.49%)30.65%92.57%(23.81%)2.54%15.00%(26.85%)33.67%(3.77%)(7.69%)13.52%53.15%9.70%19.12%17.71%(27.48%)(52.75%)(12.39%)5.69%5.47%150.91%26.02%1.53%27.27%5.99%(15.17%)(30.40%)(14.76%)(.89%)1.71%35.95%
Earnings Per Share, Basic0.23$0.18$0.15$0.15$(0.40$)(0.91$)(11.74$)0.38$0.44$0.37$0.50$0.50$0.52$0.57$0.48$0.63$0.50$0.58$0.58$0.59$0.46$0.60$0.45$0.31$0.61$0.58$0.39$0.42$0.46$0.61$0.42$0.37$0.30$0.55$0.36$0.31$0.41$1.17$0.41$0.30$0.39$0.47$0.33$0.31$0.32$0.47$0.41$0.45$
Earnings Per Share, Diluted0.23$0.18$0.15$0.15$(0.40$)(0.91$)(11.74$)0.38$0.44$0.37$0.50$0.50$0.52$0.57$0.48$0.63$0.50$0.58$0.58$0.59$0.46$0.59$0.45$0.31$0.60$0.58$0.39$0.42$0.45$0.60$0.42$0.37$0.30$0.55$0.36$0.31$0.41$1.17$0.41$0.30$0.39$0.47$0.33$0.31$0.32$0.46$0.41$0.45$
Unlevered FCF Per Share, Basic0.12$0.04$0.35$(0.21$)0.29$0.69$(0.10$)0.23$(0.22$)(0.03$)0.72$0.52$1.26$0.46$(0.79$)0.12$0.12$0.72$0.01$(0.30$)0.27$0.15$0.58$(0.59$)0.42$0.96$(0.48$)(0.40$)0.78$0.14$(0.40$)(0.87$)(0.47$)0.12$0.07$(0.41$)0.14$1.18$
Unlevered FCF Per Share, Diluted0.12$0.04$0.35$(0.21$)0.29$0.69$(0.10$)0.23$(0.22$)(0.03$)0.72$0.52$1.26$0.45$(0.79$)0.12$0.12$0.72$0.01$(0.30$)0.27$0.15$0.58$(0.59$)0.42$0.96$(0.48$)(0.40$)0.77$0.14$(0.40$)(0.87$)(0.47$)0.12$0.07$(0.41$)0.14$1.18$
Average Shares, Basic172,621,000172,617,000172,496,000172,478,000172,466,000114,358,000110,303,000110,218,000110,134,000109,728,000109,573,000109,514,000109,473,000109,470,000109,432,000109,361,000109,314,000109,311,000109,282,000109,221,000109,182,000109,181,000109,146,000109,051,000108,972,000108,973,000108,938,000108,913,000108,881,000108,879,000108,842,000108,818,000108,786,000108,786,000108,750,000108,674,000108,558,000108,268,000107,962,000107,620,000107,516,000107,457,000107,418,000103,281,000102,579,000102,416,000101,495,000101,382,000
Average Shares, Diluted173,685,000172,916,000172,655,000172,812,000172,466,000114,358,000110,303,000110,476,000110,301,000109,917,000109,780,000109,825,000110,111,000109,705,000109,662,000109,634,000109,738,000109,575,000109,515,000109,492,000109,418,000109,336,000109,305,000109,365,000109,742,000109,363,000109,255,000109,268,000109,542,000109,055,000108,963,000109,024,000109,212,000108,865,000108,797,000108,858,000108,850,000108,472,000108,133,000107,781,000107,885,000107,738,000107,694,000103,567,000104,732,000103,026,000101,825,000102,165,000
EBIT53,469,000$39,946,000$39,975,000$33,539,000$37,786,000$(172,663,000$)(1,685,174,000$)28,456,000$(6,481,000$)49,110,000$69,367,000$70,304,000$(31,648,000$)79,905,000$66,217,000$87,480,000$69,572,000$78,151,000$82,944,000$80,196,000$61,177,000$79,521,000$60,230,000$39,696,000$81,983,000$78,693,000$52,694,000$58,039,000$64,370,000$77,233,000$59,582,000$53,276,000$70,233,000$95,139,000$59,626,000$51,582,000$72,599,000$179,205,000$70,911,000$51,126,000$65,408,000$80,660,000$56,402,000$52,318,000$53,003,000$75,543,000$65,071,000$71,981,000$
EBITDA125,765,000$113,902,000$116,080,000$33,539,000$111,174,000$(99,351,000$)(1,611,970,000$)28,456,000$(6,481,000$)49,110,000$69,367,000$70,304,000$(31,648,000$)79,905,000$66,217,000$87,480,000$69,572,000$78,151,000$82,944,000$80,196,000$61,177,000$79,521,000$60,230,000$39,696,000$81,983,000$78,693,000$52,694,000$58,039,000$64,370,000$77,233,000$59,582,000$53,276,000$70,233,000$95,139,000$59,626,000$51,582,000$72,599,000$179,205,000$70,911,000$51,126,000$65,408,000$80,660,000$56,402,000$52,318,000$53,003,000$75,543,000$65,071,000$71,981,000$